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The Pungent Smell of 'Red Herrings' : Subsoil Assets, Rents, Volatility and the Resource Curse

van der Ploeg, Rick; Poelhekke, Steven - 2021

Brunnschweiler and Bulte (2008) provide cross-country evidence that the resource curse is a “red herring” once one corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource exports are no longer significant while the value of...

Persistent link: https://www.econbiz.de/10013316217

Coerced Labor in the Cotton Sector : How Global Commodity Prices (Don't) Transmit to the Poor

Danzer, Alexander M. - 2016

's geographic variation in the suitability for cotton production combined with a surge in the world market price of cotton in 2010 … command political capital to coerce workers. The expansion in land attributed to cotton production led to increases in labor … demand and wages for cotton pickers; however, the price hike benefits only workers on entrepreneurial private farms, whereas …

Persistent link: https://www.econbiz.de/10012987397

On the Linkages between Stock Prices and Exchange Rates : Evidence from the Banking Crisis of 2007-2010

Caporale, Guglielmo Maria - 2013

This study examines the nature of the linkages between stock market prices and exchange rates in six advanced economies, namely the US, the UK, Canada, Japan, the euro area, and Switzerland, using data on the banking crisis between 2007 and 2010. Bivariate GARCH-BEKK models are estimated...

Persistent link: https://www.econbiz.de/10013083258

Instrumental Variables and Causal Mechanisms : Unpacking the Effect of Trade on Workers and Voters

Dippel, Christian - 2018

This paper shows that import exposure affects voting behavior because it affects local labor markets. We develop a new framework for mediation analysis where one instrumental variable is sufficient to identify three causal effects. Using German data from 1987–2009, we find that import exposure...

Persistent link: https://www.econbiz.de/10012927102

Spend-and-Tax : A Panel Data Investigation for the EU

Afonso, António - 2009

Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...

Persistent link: https://www.econbiz.de/10013158140

Immigration, Unemployment and Wages : New Causality Evidence from the United Kingdom

Tunali, Cigdem Börke - 2017

The vast literature on the effects of immigration on wages and employment is plagued by likely endogeneity and aggregation biases. Ours is among the first papers to address both of these issues by means of causality analysis and by accounting for human capital endowments. Our analysis confirms...

Persistent link: https://www.econbiz.de/10012955276

Who Benefits from Universal Child Care? Estimating Marginal Returns to Early Child Care Attendance

Cornelissen, Thomas - 2018

In this paper, we examine the heterogeneous treatment effects of a universal child care (preschool) program in Germany by exploiting the exogenous variation in attendance caused by a reform that led to a large staggered expansion across municipalities. Drawing on novel administrative data from...

Persistent link: https://www.econbiz.de/10012910996

How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?

Roth, Christopher - 2018

Using a representative online panel from the US, we examine how individuals' macroeconomic expectations causally affect their personal economic prospects and their behavior. To exogenously vary respondents' expectations we provide them with different professional forecasts about the likelihood...

Persistent link: https://www.econbiz.de/10012911043

Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation

Hanushek, Eric A. - 2009

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...

Persistent link: https://www.econbiz.de/10012765255

Identifying the Effects of Place-Based Policies - Causal Evidence from Germany

Dettmann, Eva - 2016

The German government provides discretionary investment grants to structurally weak regions to reduce regional disparities. We use a regression discontinuity design that exploits an exogenous discrete jump in the probability of receiving investment grants, to identify the causal effects of the...

Persistent link: https://www.econbiz.de/10012988971

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